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3 Best Stocks to Buy in June

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S&P/TSX Composite Index Was up 28 points in afternoon trading on June 2. Health care and energy led the day’s muted gains, while base metals and industries suffered a marginal return. Today, I want to look at the three best stocks to snatch up in the month of June. Volatility increased in May, but that doesn’t mean there aren’t solid opportunities. Let’s dive

Why You Should Keep Stacking This Top Energy Stock

suncore (TSX: SU)(NYSE: SU) is a Calgary based integrated oil producer. It is one of the largest energy companies in Canada. Back in March, I suggested that investors should Snatch One of the best stocks in the energy sector. Shares of Suncor are up 42% in 2021. The stock is up 23% year over year.

In Q1 2021, Suncor reported a strong recovery due to higher oil prices and improved production. Funds from operations (FFO) increased to $2.11 billion, or $1.39 per share, compared to $1.00 billion, or $1.66 per share, in the prior year.

Suncor stock climbed back to profitability to open 2021. It offers a quarterly dividend of $0.21 per share, which represents a 2.7% yield. We’ll expect dividend growth soon, as Suncor builds on a very challenging 2020. It has proven to be one of the best stocks on the TSX this year so far.

BMO is one of the best stocks in the banking sector

bank of montreal (TSX: BMO)(NYSE: BMO) The oldest bank in Canada. It is one of the best stocks for investors to buy right now. I am suggested That investors should snatch up bank stocks in April, as the economy was on a return track. BMO stock is up 33% so far in 2021.

The bank released its second quarter 2021 results on 26 May. Adjusted net income grew to $2.09 billion compared to $715 million in Q2 2020. Meanwhile, adjusted earnings per share more than tripled from $1.04 to $3.13 in this most recent second quarter. Like its peers, BMO benefited from a sharp decline in credit loss (PCL) provisions in the quarter and year-on-year period in 2021.

BMO had a favorable price-to-earnings ratio (P/E) of 14 last time. It still offers a quarterly Dividend $1.06 per share. This represents a 3.3% yield.

Another super stock to snatch today

be polite (TSX:GSY) Has been one of the best stocks on the TSX since the start of the COVID-19 pandemic. Few equities in the Canadian market have offered a combination of explosiveness and dependability. The stock of goeasy has increased by 51 percent so far this year. The stock is up about 170% from the same time in 2020.

In Q1 2021, goeasy reported a 10% increase in its loan portfolio to $1.28 billion. In addition, adjusted net income jumped 67% to $36.7 million, or 66%, on a per-share basis to $2.34. This represents the 79th consecutive quarter of positive net income. Meanwhile, GOAC reported an improvement in demand, as Canadians benefited from a stronger economy.

The best part is that the stock still has a favorable P/E ratio of 10. It last paid a quarterly dividend of $0.66 per share. This represents a 1.8% yield.

Here’s another good reason to buy Suncor stock…

Should You Invest $1,000 in Suncor Energy Now?

Before you consider Suncor Energy, you’ll want to hear this.

Motley Fool Canada’s chief investment advisor, Ian Butler, and his Stock Advisors Canada team just revealed what they believe 10 Best Stocks For investors right now… and Suncor Energy wasn’t one of them.

Motley Fool Stock Advisors Canada, the online investment service they run since 2013, has outperformed the stock market more than 3X. And right now, he thinks there are 10 stocks that make better buys.

Learn more today!


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